UOL's Meyer Blue sells over 50% of units during private launch
Among the units sold were two penthouses.
UOL's 226-unit Meyer Blue sold 114 units, or over 50% of its total, during its private launch.
Among the units sold were two penthouses in the development.
According to UOL, Meyer Blue achieved an average selling price of $3,260 psf.
The majority (99%) of its buyers were Singaporeans and Permanent Residents, said Anson Lim, UOL General Manager for Residential Marketing.
The development also had one foreign buyer, who is a U.S. citizen.
Huttons attributed the strong interest in the project to the limited supply of non-landed homes in Meyer, which may not increase unless an en-bloc sale occurs.
“The possibility of an en-bloc sale appears remote given the higher ABSD on buyers for a replacement home,” the expert said.
Additionally, Huttons noted that Meyer Blue has a "strong reputation in the market for quality finishes and design."
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